Andy Dorman, Hunt Corporate ServicesLindenhurst, NY Hunt Corporate Services has completed the sale of 146 Albany Ave. The 12,500 s/f industrial building on a half-acre lot was owned by NY Fudge Inc., a maker of chocolate powder, the main ingredient in fudge. The purchaser was Brooklyn-based Dolce Amore Inc., a maker of tortillas and ice cream.
146 Albany Avenue -Lindenhurst, NY
Hunt senior broker Andy Dorman handled the sale for the seller, along with Tod Buckvar of Buck Realty. “The great thing about this building is that it’s made for food processing. Floor drains, grease traps, vents for oven machinery, and extra power all were in place, so a food company coming in could save substantially on capital improvements,” said Dorman. “The buyer’s profile was typical of what we’ve been seeing lately: Companies from Brooklyn and Queens, squeezed by increasing rents, are looking to put down roots in western Suffolk County.”
The building sold for $900,000. The buyer purchased the property with an SBA loan, and was represented by Pete Hawkins of Greiner-Maltz. Built in the late 1970s, the building is located within an industrial enclave just north of West Hoffman Ave., and east of Wellwood Ave. near the Lindenhurst train station.
Hunt Corporate Services specializes in representing clients for the acquisition or disposition of commercial real estate. Hunt Construction Services provides general contracting, construction management and maintenance services for L.I. companies.